Coterra Energy up after Q1 profit beat, 2024 production outlook raise
Updates
** Shares of U.S. shale producer Coterra Energy CTRA.N climb 2.5% to $27.85
** Co beats Q1 profit estimates as higher output volumes helped offset lower natgas prices
** Q1 adj. profit of 51 cents/shr vs estimates of 41 cents/shr - LSEG data
** CTRA raises 2024 oil production outlook to 107,000 bopd from 102,000 bopd, a 2.5% increase from the midpoint of the previous outlook
** Including session's moves, stock up 9.4% YTD
Reporting by Vallari Srivastava in Bengaluru
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